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Scott Adams on Board Governance: From Financial Rounds
January 19, 2008 4:40 PM
Corporate governance survey conducted (Pakistan): From Inside Sarbanes Oxley
January 19, 2008 12:13 AM
Enron-driven reforms are unraveling: From Inside Sarbanes Oxley
January 19, 2008 12:06 AM
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The Finance Institute

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Diverts

Forbes Finds 150 Cheap Places To Live: $100,000 goes a lot further in Bend, Ore., than in Manhattan. [more]
Googling Is Good for You: You can work your brain just by searching the Web, according to a new study. [more]
Take the Stairs Instead: The French Nuclear Safety Authority (ASN) said that hundreds of elevator buttons are contaminated with radioactive materials. [more]
More Diverts

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Compliance Alerts

Third-Party Information Will Help Audit Quality: The UK's Audit Quality Forum has released a paper that claims auditors need access to third parties in order to form an "independent opinion" on financial statements. [more]
Stealing a Page from Private Equity's Playbook: Public companies can find themselves targeted by private equity firms for a number of reasons ranging from misaligned management incentives to suboptimal dividend-payout policy. [more]
American Express Slapped With Money-Laundering Fine: In a deferred prosecution deal with the Department of Justice, American Express Co. [more]
Casting a Cold Eye on Sarbanes: In all the 5-year anniversary rah-rah and retrospectives on the Sarbanes-Oxley Act, the fact that the big winners were the public accounting firms has largely gone unnoticed -- and that's ironic, given the role of accounting failures in the genesis of the law. [more]
SOX Compliance Costs Continue to Swell: Double-digit percentage increases in compliance costs have hit companies of all sizes since the implementation of the Sarbanes-Oxley Act. [more]
SOX Supported by Investors: Investors would not welcome the loosening of Sarbanes-Oxley rules, according to a national survey by the Center for Audit Quality -- 62 percent of those polled think SOX rules should remain unchanged. [more]
Goodbye Auditing Standard No. 2: After a unanimous SEC vote and being deemed "unduly expensive and inefficient" by Chairman Christopher Cox, Auditing Standard No 2 is being replaced by the new and improved Auditing Standard No 5. [more]
Should Self-Policing Replace Regulatory Control?: Although the rise of government programs encouraging self-reporting of regulatory violations in return for reduced sanctions has prompted some to claim that industry can effectively police itself, Harvard Business School research finds otherwise. [more]
SEC Rule Could Ease Requirements for Small Companies: Small companies could benefit from a proposed SEC rule that would reduce the number of disclosure requirements they must face and give them an extra 30 days to file their annual reports. [more]
How RFID Boosts SOX Compliance: Phantom inventory and fake trades played a part in the Enron fiasco, notes David Wyld in this article. [more]
How Sarbanes Hurts R&D: More knocks on SOX — this time focusing on the legislation's impact on corporate risk-taking in general and research and development in particular. [more]
Deloitte Forensic Center Explores Fraud and Corruption: The costs, risks and effects of fraud and corruption will be under the organized radar of business, academic, law, government and regulatory affairs professionals through a new Deloitte Financial Advisory Services LLP initiative. [more]
Anti-Bribery Law Enforcement Shifts Into High Gear: Move over Sarbanes-Oxley: The Foreign Corrupt Practices Act is taking your spot as the sharpest compliance thorn in the side of corporate America. [more]
Random Tax Audits Return: Starting this October, the IRS will resume its practice of randomly targeting taxpayers for audits. [more]
IPO Case a Win for Wall Street: The SEC will have primary authority over antitrust cases, according to today's 7-1 Supreme Court ruling that rejected the lawsuit accusing big investment banks of inflating share prices and exploiting prospective buyers with anti-competitive charges. [more]
Will New SEC Rules Cause Firms to Prune the Perks?: Use of the company jet for personal travel, Manhattan apartments and luxury cars will get axed from some compensation packages in light of the new SEC rules that make these perks more visible to investors. [more]
Fraud Examiners: Corporate Vigilance Falling, Deception: You'd expect that after the passage of Sarbanes-Oxley, the levels of institutional deception and fraud would be plummeting -- but that's not what certified fraud examiners are finding. [more]
Pot Calling the Kettle Black?: Now that investor governance programs have proliferated and proxy advising has ballooned into big business, existing advisers are expanding, newcomers are poised to compete -- and shareholders are starting to worry about conflicts of interest. [more]
Kerry, Snowe to SEC: Give Small Firms More Time for SOX: The SEC's recent management guidance is a step in the right direction, but it doesn't go far enough in helping smaller public companies comply with the Sarbanes-Oxley Act, according to Senator John Kerry (D-Mass). [more]
Lynn Turner Departs Glass Lewis: Five months after investment advisory firm Glass, Lewis & Co was sold to a Chinese media company, Lynn Turner, the company’s high-profile managing director of research, has submitted his letter of resignation. [more]